Financing your Austin ADU
Need help deciding what type of financing is right for your project? We have a network of lenders with competitive rates
Secured & unsecured loans
Get access to tailored loan options by filling out the pre-approval application from our partners at Frost Bank.
Ian Dance
605 Canyon Ridge Dr. Austin, Texas 78753
(512) 473-4507
Ian.Dance@frostbank.com
Frost Website
NMLS #2163907
Secured & unsecured loans
Get access to tailored loan options by filling out the pre-approval application from our partners at Renofi.
Travis Robinson
(571) 241-7856
travis.robinson@renofi.com
Renofi Website
NMLS #1802847
Finance Options
Home equity line of credit
A home equity line of credit (or HELOC) allows you to borrow against your home equity to access the cash you need for your ADU.
Cash-out Refinance
A cash-out refinance is essentially refinancing your current mortgage to include the additional amount you’ll need for your tiny home.
Renovation or construction loan
Also known as home improvement loans, these are personal loans intended for additions or repairs to your property.
ADU Financing FAQs
We work closely with you to manage your budget. We also have relationships with lenders to help you secure financing for your project.
How much does a typical ADU cost?
ADU costs cary depending on size, location, design complexity, and finishes, but typically begin around $150k. We always begin our process with a thorough and accurate estimate. Get in touch for a personalized quote.
What does my budget include?
Your budget includes the design, build, permitting support, and a licensed and insured team. Basic finishes are include as well, with the option to modify or upgrade. This includes interior and exterior paint, kitchen and bath finishes, cabinetry, and appliances. When your project is done, your ADU will be move-in ready!
What are my options to finance my ADU project?
You have multiple options to finance your project, like home equity lines of credit, construction loans, or cash-out refinancing.
Get in touch with us to learn more.
Will an ADU increase my property value?
An ADU can increase your property value and set your home apart from others in your areas when it’s time to sell!
In addition, an ADU can offer other financial benefits like offsetting long-term care facility costs for aging loved ones, generating rental income, or creating the opportunity to subdivide and sell as a separate unit in certain municipalities.
